Receivables Advances. For each Advance of the Receivables Loan, Lender's obligation to make such Advance shall be subject to the terms and conditions set forth in Exhibit E, including delivery of the items called for therein, at least five (5) Business Days prior to the date of an Advance of the Receivables Loan.
Receivables Advances. Subject to and upon the terms and conditions of this Agreement, each Bank agrees to make Receivables Advances to Borrower in an aggregate amount not to exceed such Bank's Percentage Share of the lesser of (i) the Committed Line minus the face amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) minus the outstanding amount of the Foreign Exchange Reserve and minus the outstanding Inventory Advances, or (ii) the Borrowing Base minus the face amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) minus the outstanding amount of the Foreign Exchange Reserve and minus the outstanding Inventory Advances. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1 may be repaid and reborrowed at any time during the term of this Agreement.
Receivables Advances. In addition to the conditions set forth for the effectiveness of this Thirteenth Amendment as set forth in Paragraph 12 above, Lender's obligation to make Advances of the Loan, from time to time, against Instruments or Contracts arising from the sale of Units in the Winnxxx Xxxlding Addition or the Ida Xxxlding Addition is subject to and conditioned upon such Instruments or Contracts qualifying as Eligible Receivables and is furthermore subject to and conditioned upon the satisfaction of all other conditions precedent to the making of the Advance, as set forth in the Loan Agreement. In connection therewith, but without limiting the generality of the foregoing, Lender's obligation to make Advances of the Loan against Instruments or Contracts arising from the sale of Units in the Winnxxx Xxxlding Addition and the Ida Xxxlding Addition is subject to Lender's receipt and approval of copies of the registrations/consents to sell/public offering statements/prospectuses and/or approvals thereof required to be issued by or used in all jurisdictions in which such Units will be offered for sale.
Receivables Advances. The Lender agrees, pursuant to the terms of this Agreement and subject to the satisfaction of the conditions precedent in Section 6 of this Agreement, to make one or more Receivables Advances to the Debtor from time to time during the Receivables Commitment Period, provided that at such time (and after giving effect to any Receivables Advance currently then to be made) the aggregate outstanding principal amount of all Receivables Advances shall not exceed the Receivables Borrowing Base. In accordance with the terms and conditions of this Agreement, the Debtor may borrow, cause the Receivables Loan to be repaid through collections and reborrow during the Receivables Commitment Period. The Receivables Note shall be payable in the manner set forth in Section 2.3 of this Agreement and the Receivables Note. The Receivables Loan shall be due and payable on the Receivables Maturity Date together with any accrued interest thereon then remaining unpaid and any other amounts due hereunder, under the Receivables Note or under any of the other Security Documents.
Receivables Advances. To the extent that any Daily Invoice reflects an Incremental Receivables Advance Amount, Party A shall advance such amount to Party B (together with the Initial Receivables Advance, collectively the “Receivables Advances”).
Receivables Advances. With respect to Advances of the Receivables Loan, Borrower shall have delivered, or caused to be delivered, to Lender the following:
Receivables Advances. Subject to the terms and conditions of this Agreement, from the date on which this Agreement becomes effective until the Maturity Date, Lender will make Receivables Advances to Borrower not exceeding the Credit Limit or the Borrowing Base, whichever is less; provided that in no event shall Lender be obligated to make any Receivables Advance that results in an Overadvance or while any Overadvance is outstanding. Amounts borrowed under this Section may be repaid and subject to the terms and conditions hereof reborrowed during the term of this Agreement. It shall be a condition to each Receivables Advance that (a) an Advance Request acceptable to Lender has been received by Lender, (b) all of the representations and warranties set forth in Section 3 are true and correct in all material respects on the date of such Receivables Advance as though made at and as of each such date, and (c) no Default or Event of Default has occurred and is continuing, or would result from such Receivables Advance.
